Based on an analysis of the political, economic, and social factors governing the Kingdom of Saudi Arabia (KSA), this study provides a comprehensive understanding of the past, present, and future economic scenarios in the country. With a fairly stable political situation, Saudi Arabia is the largest economy in the Arab world, ranking second-highest in oil reserves worldwide. However, the recent attacks on its oil-producing facilities and the ongoing Houthi conflict in Yemen have had an impact on the country’s foreign relations and trade. The study examines the social and technological trends along with the legal and environmental factors that surround the business environment in the country. It also discusses the measures adopted by the government to reel the Saudi economy from 2017 global financial crisis and the economic outlook till 2024. The government has prioritized economic diversification to decrease the country’s dependency on oil. It is focusing on strengthening private sector growth, investing in infrastructure development and increasing non-oil exports, all of which are creating substantial investment and growth opportunities in the KSA. The study presents a detailed discussion on specific industries such as ICT, healthcare, renewable energy, and tourism and the initiatives adopted by the Saudi government to promote investment and growth in these areas. It also provides an in-depth analysis of the current scenario in these industries, highlighting the factors that can contribute to their prospective growth. The study further identifies other potentially lucrative sectors of investment that can drive revenue generation and boost the country’s overall growth prospects.--BEGIN PROMO--

Key Issues Addressed

• What are the key foreign relations of Saudi Arabia? How is the country benefitting from them?
• How have the attacks on its oil facilities impacted the economy of Saudi Arabia?
• How is the conflict in Yemen affecting businesses and foreign relations of Saudi Arabia?
• What are the diversification plans adopted by the Saudi government to reduce the economy’s oil dependency? 
• What are the future prospects for GDP growth and inflation in Saudi Arabia? What are the factors affecting these variables?
• What is the trend of key macroeconomic variables that will impact investment decisions in Saudi Arabia?
• How is the current legal and environmental scenario in Saudi Arabia? How will it impact various industries?
• Which are the industries that the government is primarily focusing on and how are they being promoted? What are the emerging trends and forecasts for these industries?
• What are the sectors that are likely to witness key growth opportunities in the next 5 years?